Personal Investment Account Ireland (PIA): Complete 2027 Guide

Ireland is getting a new Personal Investment Account, usually shortened to PIA.

Budget 2027 set the headline numbers: the account is planned to open from 1 July 2027, contributions will be capped at €12,000 a year, there will be no minimum contribution, and an annual 1% PIA tax will apply only to the portion of the relevant account value above €50,000.

The account is intended to hold investments such as shares, bonds, investment funds and ETFs under one simpler tax framework. The Department of Finance roadmap also says the normal retail-investment tax regime, including eight-year deemed disposal, will not apply inside the account.

That makes the PIA one of the biggest changes to ordinary investing in Ireland in years.

But there is an important caveat at the outset: the Personal Investment Account is not law yet. Budget 2027 has announced the headline design, while the detailed legal framework is due through the Finance (No. 2) Bill 2026. Some operational rules can still change before accounts become available.

New from Compound: Visit our PIA Centre for the current rules and tools, or go straight to the independent PIA provider comparison to see verified provider statements and which fees remain unpublished.

Last checked: 6 October 2026. This page separates what Budget 2027 has announced from details that still depend on the Finance Bill. We will update it as the legislation and provider terms are published.

Personal Investment Account Ireland: the rules at a glance

The distinction between announced and enacted matters. The €50,000 threshold, 1% rate, €12,000 annual maximum and 1 July 2027 launch were announced in Budget 2027. The underlying account design comes from the Department of Finance roadmap. The Finance Bill still has to turn that policy into law.

What is a Personal Investment Account (PIA)?

A Personal Investment Account is a proposed Irish investment wrapper.

The simplest way to understand a wrapper is to separate the account from the investments inside it.

The PIA is the account. Inside it, you may be able to own eligible shares, ETFs, funds, bonds and other permitted investment products. The account then determines the special tax and administration rules that apply to those holdings.

That is different from buying an ETF or a share in an ordinary brokerage account, where the normal Irish tax rules for that investment continue to apply.

The Government’s stated aim is to make investing simpler, clearer and more accessible, while reducing the tax administration that currently falls on individual investors.

This matters because the existing Irish system can treat direct shares, domestic funds, offshore funds, ETFs and life assurance products differently. If you are new to those distinctions, read our Investment Tax in Ireland guide and Shares vs ETFs vs Funds guide alongside this page.

PIA, Investment Account, SIA or Irish ISA: are they the same thing?

You may see several names used for the new account:

• Personal Investment Account (PIA)
• Investment Account
• Savings and Investment Account (SIA)
• Irish ISA

The Department of Finance roadmap itself generally uses Investment Account, while Personal Investment Account has become widely used in industry and media coverage. Savings and Investment Account is another label used in the broader European policy discussion.

“Irish ISA” is an informal comparison with the UK’s Individual Savings Account. It is useful shorthand for the idea of a dedicated retail investment wrapper, but it is not an accurate description of the tax design.

The Irish PIA is not simply a copy of a UK ISA. Under the Budget 2027 design, the Irish account has a 1% annual charge on account value above €50,000.

For clarity, this guide uses Personal Investment Account (PIA) throughout.

When will the Personal Investment Account launch in Ireland?

The planned opening date announced in Budget 2027 is 1 July 2027.

That does not necessarily mean every bank, broker or investment firm will have an account ready on exactly the same day.

Three things have to happen first:

1. The legal framework has to be enacted.
2. Revenue and providers need the operational and reporting systems to work.
3. Individual providers need to launch their own products, fees and investment menus.

The Department of Finance roadmap explicitly recognised that providers need time to build the infrastructure.

So 1 July 2027 is the Government’s target, while the exact date on which you can open a specific provider’s PIA may depend on that provider.

Who will be able to open a PIA?

The initial Department of Finance design is straightforward.

To open a Personal Investment Account, you are expected to need to be:

• an Irish tax resident;
• aged 18 or over;
• and the holder of a PPSN.

The initial scheme is designed around one account per individual.

That means a married couple or two partners would not share one combined PIA allowance. Each qualifying adult could have their own account.

If both partners contributed the full announced allowance, that would mean up to €24,000 of new contributions per year across the household, split across two individually owned accounts.

Likewise, if each person’s relevant account value were €50,000, the household could have €100,000 across two PIAs without either individual account exceeding the announced €50,000 PIA tax threshold.

Can children have a Personal Investment Account?

Not under the initial design.

The roadmap says the first version is for Irish-resident adults aged 18 and over.

It also explicitly says that a version for children has attracted interest and may be considered in future Finance Bills.

There is therefore no Junior PIA or children’s PIA to plan around yet.

If you are investing for a child under today’s rules, our Saving and Investing for Your Child in Ireland guide covers the current options and tax considerations.

How much can you put into a PIA?

Budget 2027 set the maximum annual contribution at:

€12,000 per year

That is equivalent to €1,000 per month if contributions are spread evenly through the year.

There will be no minimum annual contribution.

So the scheme is not limited to people who can invest €12,000 every year. An investor could contribute €100 a month, €250 a month, €500 a month or irregular amounts, provided the final rules are followed and the annual maximum is not breached.

A critical point is that €12,000 is a contribution limit, not an account-value cap.

If you contribute €12,000 and the investments grow, the account can be worth more than €12,000. Over several years it can rise well beyond €50,000. The €50,000 figure is relevant to the annual PIA tax calculation, not to whether the account has to be closed.

Do unused PIA allowances carry forward?

That has not yet been clearly settled in the published high-level design.

Do not assume that an unused €5,000 of one year’s allowance automatically becomes extra contribution room in the next year unless the Finance Bill or subsequent guidance says so.

Do withdrawals restore your contribution allowance?

This also needs final legislative detail.

The roadmap confirms flexible withdrawals, but it does not establish that withdrawing €5,000 automatically gives you another €5,000 of contribution room in the same tax period.

That distinction matters and will be updated here when the legislation provides the answer.

How does the 1% Personal Investment Account tax work?

This is the most important part of the PIA.

The new account is not taxed like a normal capital gain.

Under the Department of Finance design, the provider calculates the account’s value over the taxable period and uses those valuations to arrive at an average account value. The precise valuation intervals still have to be settled.

The Budget 2027 numbers then work like this:

PIA annual tax = 1% × the portion of relevant account value above €50,000

If the relevant average value is €50,000 or less, the PIA charge is zero.

If it is above €50,000, only the excess is charged at 1%.

Worked PIA tax examples

These are illustrations using the announced rate and threshold. They are not a forecast of the eventual bill for an account that happened to show that value on 31 December, because the proposed system uses average valuations across the taxable period.

Personal Investment Account tax calculator

For a full projection including contributions, investment growth, the year you may first cross the €50,000 threshold, cumulative PIA tax, provider fees and the long-run balance impact, use Compound’s standalone PIA Calculator Ireland.

The quick calculator below estimates the annual PIA charge under the Budget 2027 headline formula from a single illustrative average account value.

The calculator highlights something that can be easy to miss: even though the marginal PIA charge is 1% above €50,000, the effective charge on the whole account is lower because the first €50,000 is below the threshold.

At an illustrative €100,000 average value, for example, a €500 charge is 0.5% of the full account.

The 1% PIA tax is not a tax on your profit

This is the biggest misconception to avoid.

Imagine that over time you contributed €50,000 and your investments eventually grew to €100,000.

The PIA tax is not calculated as:

€50,000 profit × 1%

Nor does the announced PIA design say that you would sell the investments and then pay ordinary CGT on that €50,000 gain inside the wrapper.

Instead, the proposed system looks at the value of the PIA and applies the annual account charge to the amount above the threshold.

At an illustrative average PIA value of €100,000:

€100,000 − €50,000 = €50,000 above the threshold

€50,000 × 1% = €500 annual PIA charge

The Department of Finance roadmap describes that PIA tax as a final liability tax, with the normal retail investment tax regime not applying inside the account.

That simplicity is the attraction of the model.

It also creates its main trade-off.

Could you owe PIA tax in a year when your investments fall?

Potentially, yes.

Because the proposed PIA charge is based on account value rather than the year’s investment profit, a falling market does not automatically mean the annual charge is zero.

Suppose the relevant average account value for the year remained €100,000 even though markets fell during part of that year.

Under the headline formula, the illustrative annual PIA tax would still be €500.

That does not necessarily make the account unattractive. It means the tax is structurally different from a tax that arises only when a gain is realised.

This is why investors should compare the whole system, including the absence of normal tax events inside the wrapper, the €50,000 threshold, the annual 1% charge above it, provider fees, investment choice and their likely holding period.

Does deemed disposal apply to a PIA?

Under the published Department of Finance design: no.

The roadmap states that the current retail investment tax regime, including the deemed disposal rule, will not apply to the new investment account.

That is particularly significant for Irish investors in funds and ETFs.

Under the existing system, many funds can create an eight-year deemed disposal event even where the investor has not actually sold the investment. The Department itself notes criticism that this can create a liability on unrealised gains and interrupt long-term compounding.

Inside the proposed PIA, that eight-year deemed disposal mechanism is replaced by the new account-level tax model.

Outside a PIA, the normal rules for the investment you own continue to matter.

For a detailed explanation, see Investment Tax in Ireland: CGT, ETFs and Deemed Disposal.

What can you invest in through a PIA?

The roadmap proposes a deliberately broad investment menu.

Eligible investments are expected to include:

• listed shares;
• listed bonds;
• other financial instruments traded on a regulated market;
• retail investment funds;
• ETFs;
• and qualifying insurance-based investment products.

That means the PIA is intended to be a wrapper rather than a single Government-managed investment fund.

Your actual choice will also depend on the provider you select. One provider may offer a very broad investment range while another may offer a smaller curated list.

This is why comparing PIA providers will eventually involve more than simply asking who has the lowest account fee.

For a beginner-friendly explanation of the investments themselves, see Shares, ETFs and Funds in Ireland: What Is the Difference?.

Can you buy ETFs in a Personal Investment Account?

Yes, ETFs are explicitly included in the Department of Finance roadmap as an eligible category.

That could be one of the most important practical uses of the PIA.

Broad ETFs can provide diversified exposure to hundreds or thousands of securities through one investment. But “ETF” does not automatically mean diversified or low risk. An ETF can track the global stock market, one country, one sector, bonds, commodities or a highly concentrated theme.

The PIA changes the wrapper and tax administration. It does not make every investment inside it suitable.

If you are deciding what to own rather than where to hold it, read our Diversification guide before choosing a product.

Can you buy individual shares in a PIA?

The proposed eligible list includes listed shares.

So the account should not be restricted to funds.

Again, provider choice will matter. A bank-led PIA could offer a different menu from a low-cost investment platform or wealth manager.

The Finance Bill and provider product documents will determine the final practical range.

Can you hold Bitcoin or crypto in a PIA?

No, not under the proposed framework.

The Department of Finance specifically excludes crypto-assets and derivatives from the account.

The policy intention is to make a broad range of mainstream retail investments available while excluding products the Department describes as highly complex or risky.

Can you use a PIA as a savings account?

Not in the normal sense.

The roadmap says cash may be held temporarily for purposes such as:

• purchasing investments;
• or holding proceeds after an investment is sold.

But the policy does not envisage the PIA being used as a normal interest-paying cash deposit account. The roadmap says there will be no return generated from cash held in the account.

So emergency savings and money you may need shortly still have a different job from long-term investment capital.

Our Before You Invest in Ireland checklist explains how to separate short-term cash from long-term investing.

Can you withdraw money from a PIA whenever you want?

The proposed answer is yes.

The roadmap says the legislation will not impose a minimum holding period or lock-in period.

That makes the PIA fundamentally different from a pension.

You are expected to be able to access or withdraw your funds when you choose.

However, two separate questions should not be confused:

1. Can I withdraw the money? The published design says yes.
2. Does a withdrawal restore contribution room in that same year? The detailed rule still needs to be confirmed.

There may also be normal market and provider mechanics involved in selling investments before cash can be withdrawn.

Can you transfer a PIA to another provider?

The policy intention is yes, on a tax-neutral basis.

The roadmap says investors should, where possible, be able to move a portfolio from one PIA provider to another without creating a tax event.

It also envisages in-specie transfers where practical. That means moving the investments themselves rather than selling everything to cash first.

But the Department acknowledges that in-specie transfers will not always be possible because two providers may not support the same products.

This portability is important because it should make it easier to switch if a competitor later offers lower fees, better investment options or a better service.

PIA vs a normal investment account in Ireland

The PIA does not abolish ordinary brokerage accounts.

Instead, it creates another route.

The right comparison therefore depends on what you want to invest in, how much you invest, how long you hold it, the fees and the tax rules applying outside the PIA.

It would be a mistake to compare only “1%” with an outside tax rate because they may be taxes on different bases and at different times.

PIA vs pension: which should come first?

The PIA and a pension solve different problems.

A pension is primarily a retirement vehicle. A PIA is designed as a flexible investment account.

For someone investing specifically for retirement, pension tax relief can be extremely valuable. For someone who wants long-term market exposure without locking the money away until retirement, the PIA could fill a gap.

This is not a universal “pension first” rule. Employer contributions, tax relief, time horizon, access needs and personal circumstances all matter.

Our Pension vs Investing in Ireland guide explains that decision in detail.

PIA vs savings account: what is the difference?

A PIA is an investment account, not a guaranteed savings product.

That distinction is fundamental.

Cash in a bank savings account does not normally fluctuate with stock or bond markets. Investments inside a PIA can rise and fall, and you can get back less than you invested.

The Government itself emphasised on Budget Day that deposit and savings accounts will remain the right choice for many people.

A PIA may make sense for money with a suitable investment horizon and risk tolerance. It is not a replacement for an emergency fund or cash needed for a known near-term expense.

Is the Personal Investment Account Ireland's version of an ISA?

Conceptually, it is understandable why people call the PIA an Irish ISA.

Both are dedicated retail savings/investment wrappers intended to make investing easier.

But the tax mechanics are different.

The Irish PIA announced in Budget 2027 has:

• a €12,000 annual contribution cap;
• a €50,000 threshold for the PIA annual charge;
• and a 1% tax on the relevant account value above that threshold.

So “Irish ISA” is a useful search phrase, not a precise description of the product.

Anyone comparing the two should compare actual tax rules rather than the label.

Which banks and brokers will offer Personal Investment Accounts?

The Government does not intend to be the sole investment provider.

The roadmap proposes that qualifying providers may include:

• MiFID-authorised investment firms;
• broker-dealers and wealth managers;
• credit institutions authorised for relevant MiFID activities;
• regulated fund managers;
• insurers and eligible insurance distributors;
• and qualifying non-Irish EEA providers.

That last point is notable. The framework is designed so eligible providers elsewhere in the EEA can potentially offer Irish PIAs while operating the required Irish tax reporting.

Will AIB offer a PIA?

AIB has publicly said it plans to offer a Personal Investment Account once the rules are finalised and the necessary services have been developed.

That is an intention to participate, not a live product.

As of 6 October 2026, investors still do not have a complete market of final PIA products with published fees and investment menus to compare.

We will update this section as providers publish firm terms.

Will PIA accounts have management fees?

Almost certainly some providers or investments will have charges.

The €50,000 threshold relates to the PIA tax, not to commercial fees.

Possible costs can include:

• platform or account fees;
• fund management charges;
• transaction fees;
• foreign-exchange charges;
• advice fees;
• custody charges;
• transfer fees.

The roadmap says fees are expected to be competitive and points to existing disclosure and consumer-protection rules.

But it does not promise that every PIA will be fee-free.

This matters enormously over long periods. A seemingly small annual fee compounds year after year.

When provider terms are published, compare the total cost of ownership, not just the headline platform charge. Our Investment Fees in Ireland guide and Investment Fee Calculator can help quantify the difference.

Can you move existing shares or ETFs into a PIA?

This is one of the biggest practical questions that is not yet fully answered.

The roadmap clearly discusses tax-neutral transfers between PIA providers.

That is not the same as saying an existing investment held today in an ordinary brokerage account can automatically be moved into a new PIA in 2027 without triggering the normal tax rules.

Until the legislation and Revenue/provider guidance address migration of pre-existing assets, investors should not assume there will be a tax-free route for moving existing holdings into the wrapper.

This page will be updated when that is clarified.

What happens if €50,000 grows to €100,000?

This is one of the most useful examples because it separates contributions, investment growth and the PIA tax base.

Suppose you have contributed €50,000 over several years and the portfolio later reaches €100,000.

The account has not broken a €50,000 maximum. There is no announced €50,000 account cap.

Instead, the threshold becomes relevant to the annual PIA tax.

If the relevant average value for the taxable period were €100,000:

€100,000 − €50,000 = €50,000 above the threshold

1% × €50,000 = €500

The exact real-world figure will depend on the valuation method established in law and the account’s values during the taxable period.

How will PIAs work for couples?

The initial framework is individual rather than joint.

Each qualifying person can have one account.

That means, under the announced headline limits, two qualifying adults could potentially:

• contribute up to €24,000 combined per year, with €12,000 going into each person’s PIA;
• and each have their own €50,000 threshold for the PIA annual charge.

The accounts remain separate legal accounts. One person’s unused contribution capacity should not be assumed to transfer to the other unless legislation explicitly provides for it.

Will you have to file PIA tax with Revenue yourself?

The scheme is specifically designed to reduce that burden.

The Department of Finance roadmap says the provider will calculate, report and pay the tax to Revenue, without requiring the investor to engage with Revenue for the normal tax administration of the PIA.

Budget Day messaging repeated that principle.

That administrative simplification could be almost as important as the tax rate for some investors.

Today, an investor may need to understand different tax regimes and self-assessment obligations depending on what they buy and where it is domiciled. The PIA aims to create one account-level tax framework for qualifying holdings.

Why is Ireland introducing the PIA?

Ireland saves heavily but participates relatively little in capital markets.

The Department of Finance roadmap cites Central Bank research showing that 38% of Irish household financial assets are held in cash and deposits, compared with an EU average of 30%.

The policy problem is not that cash is bad.

Cash is appropriate for emergency funds, near-term spending and people who cannot accept investment risk.

The concern is that households with genuinely long-term money may avoid investing because the system feels too complex, the tax administration is burdensome or the rules are difficult to compare.

The PIA is intended to reduce those barriers.

It also fits into the EU’s wider Savings and Investment Union agenda, which aims to give households easier access to capital markets.

What could be the biggest advantages of a Personal Investment Account?

If the final law follows the announced design, the strongest features are likely to be:

1. Simpler tax administration

The provider is expected to handle the PIA tax calculation, reporting and payment.

2. No deemed disposal inside the account

The existing eight-year mechanism will not apply to qualifying PIA investments under the published roadmap.

3. Broad investment choice

Shares, bonds, funds and ETFs are all intended to be eligible categories.

4. Flexible access

There is no proposed minimum holding or lock-in period.

5. Tax-neutral provider switching

The framework aims to let customers move between PIA providers without creating a tax charge.

6. A meaningful initial threshold

The announced annual account charge only applies above €50,000 of relevant account value.

What are the potential drawbacks?

The PIA is not automatically the best account for every euro someone invests.

Potential disadvantages include:

The tax is based on value, not profit

An account above the threshold can potentially incur PIA tax even in a weak investment year.

Contributions are capped

The announced €12,000 annual maximum may be too low for people who want to invest larger lump sums.

It is not a pension

No pension-style upfront income-tax relief has been announced for PIA contributions.

Investment risk remains

The wrapper does not protect you from market losses.

Fees could determine real value

A high-cost provider can erode much of the benefit of a tax-efficient wrapper.

Important details are still unfinished

Withdrawal/contribution interactions, migration of existing portfolios and detailed valuation mechanics need final legislation or guidance.

What should you do before PIAs launch?

There is no need to rush into a decision before the products exist.

A sensible pre-launch checklist is:

1. Separate emergency cash from investment money. Do not put short-term money at market risk simply because a new wrapper is attractive.
2. Review your pension. Employer contributions and pension tax relief can materially change the comparison.
3. Understand what you already own. Existing shares, funds and ETFs may have embedded tax positions that need to be considered before any move.
4. Know your time horizon and risk tolerance. A tax wrapper does not make equities suitable for a short-term goal.
5. Wait for provider fees. The cheapest-looking tax structure can be undermined by high recurring charges.
6. Compare investment menus. A provider with low fees but poor investment choice may still be a bad fit.
7. Read the final legislation. The Finance Bill is what will convert the announced framework into law.

If you are starting from scratch, the Investing in Ireland 101 guide takes you through the decisions in order.

Personal Investment Account timeline

What we still do not know about the PIA

Budget 2027 filled in the biggest missing numbers, but several practical details still matter.

As of 6 October 2026, watch for clarification on:

• the exact intervals used to calculate average account value;
• how contribution limits operate when money is withdrawn;
• whether any unused annual contribution allowance can carry forward;
• the detailed treatment of existing investments moved into a PIA;
• the final process for provider-to-provider transfers;
• what happens to a PIA on death or a change in tax residence;
• the full provider market;
• each provider’s investment menu;
• and the fees charged by providers and underlying investments.

This is why we describe the account as planned rather than pretending every rule is final.

Personal Investment Account Ireland FAQ

What is a PIA account in Ireland?

PIA stands for Personal Investment Account. It is Ireland’s planned retail investment account for holding eligible shares, bonds, funds, ETFs and other permitted investments under a simplified account-level tax system.

When will PIA accounts be available?

Budget 2027 announced a planned launch date of 1 July 2027. The legislation and provider systems still have to be completed.

How much can I invest in a PIA each year?

The announced maximum contribution is €12,000 per year, with no minimum contribution.

Is the first €50,000 completely tax free?

The announced PIA annual charge does not apply where the relevant account value is at or below €50,000. Above it, 1% applies to the excess. That does not mean the account is free of provider or investment fees, and the precise valuation mechanics still need final legislation.

Is the 1% PIA tax charged on profit?

No. The proposed model is based on the value of the account above the €50,000 threshold, using an average valuation over the taxable period, rather than simply taxing realised investment profit.

If my PIA is worth €100,000, do I pay €1,000?

Not under the announced formula. If the relevant average value were €100,000, the first €50,000 would be within the threshold and 1% would apply to the remaining €50,000, giving an illustrative annual PIA charge of €500.

Will deemed disposal apply to ETFs in a PIA?

The Department of Finance roadmap says the current retail-investment tax regime, including deemed disposal, will not apply to the new account.

Can I buy ETFs in a PIA?

Yes. Retail investment funds including ETFs are explicitly included in the proposed eligible investments.

Can I buy individual shares?

Listed shares are included in the proposed eligible assets.

Can I hold crypto in a PIA?

No. Crypto-assets and derivatives are excluded from the proposed framework.

Can I withdraw money whenever I want?

The roadmap proposes no minimum holding period or lock-in. The detailed interaction between withdrawals and annual contribution capacity still needs to be confirmed.

Can I have more than one PIA?

The initial design provides for one account per individual.

Can my spouse or partner have a separate PIA?

Yes, provided they independently meet the eligibility rules. The initial scheme is individual, so each qualifying adult can have their own account.

Can a child have a PIA?

Not initially. The Department says children’s accounts may be considered in future Finance Bills.

Will AIB offer a PIA?

AIB says it plans to offer a Personal Investment Account once the rules are finalised and the required services are developed. Final fees and product terms are not yet available.

Will Trading 212, Revolut or other brokers offer PIAs?

The framework is intended to allow qualifying Irish and EEA providers to participate. Do not treat a provider as available until it publishes a firm PIA product and terms. We will update this guide as the market becomes clear.

Will I have to calculate the PIA tax myself?

The proposed model requires the provider to calculate, report and pay the PIA tax to Revenue.

Can I transfer my PIA to another provider?

The roadmap intends provider-to-provider transfers to be tax-neutral, with in-specie transfers where possible. Practical availability will depend on the products supported by both providers.

Can I transfer investments I already own into a PIA?

A tax-neutral route for moving pre-existing investments from an ordinary account into a new PIA has not yet been fully established in the published framework. Wait for the Finance Bill and provider guidance before assuming this is possible without tax consequences.

Is a PIA better than a pension?

Not automatically. A pension can provide valuable tax relief and employer contributions but normally restricts access until retirement. A PIA is designed to be more flexible but does not have the same announced upfront tax relief.

Is a PIA the same as an Irish ISA?

No. “Irish ISA” is an informal comparison. The Irish PIA has its own contribution limit and an annual 1% charge above a €50,000 threshold.

The bottom line

The Personal Investment Account could materially change how ordinary people invest in Ireland.

Its headline design is easy to remember:

Up to €12,000 contributed per year.

No minimum contribution.

No PIA annual charge at or below the €50,000 threshold.

1% annual charge on the relevant account value above €50,000.

No deemed disposal inside the account under the published design.

Shares, bonds, funds and ETFs intended to be eligible.

No minimum holding period.

Provider handles normal PIA tax administration.

Planned launch: 1 July 2027.

The most important fact for now is that Budget 2027 is not the final legal text. The Finance Bill and provider terms will determine how the account works in practice.

Compound will keep this page as a living evergreen guide and update it when the legislation, Revenue guidance and actual PIA products are published.

For the wider context, continue with Investing in Ireland 101, Investment Tax in Ireland or our guide to choosing an investment broker.